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Nope. Has nothing to do with Big Tech, and everything to do with investors acting as the beneficiaries of cut payroll costs. And mind, that's only current inves
by salawat 2y ago
Nope. Has nothing to do with Big Tech, and everything to do with investors acting as the beneficiaries of cut payroll costs. And mind, that's only current investors grandfathered in from the pre-AI era. Those working now are going to be handicapped in buying into the post-AI era as employment numbers plummet. No wages->no investment opportunity.
Unless, of course, what we're seeing now pops fantastically, leading to another AI winter, and we actually start reining in or mitigating the social damage being caused by Big Tech.